Hi All,
I am new here and am a little confused about the simple calculation of SS. I think it was posted as "It is a simple calculation. 1.5% - 2% of gross income * years in marriage * difference in gross income / 12 = monthly spousal support.
I found an example online that had a 60K difference and a 20 year marriage and the support being $1500 a month. But when i do it for a much shorter period of 2.5 years I get 5% which seems pretty low. Using the same diff in income at 5% is $3000 a year or $250 a month. Is that correct?
I am new here and am a little confused about the simple calculation of SS. I think it was posted as "It is a simple calculation. 1.5% - 2% of gross income * years in marriage * difference in gross income / 12 = monthly spousal support.
I found an example online that had a 60K difference and a 20 year marriage and the support being $1500 a month. But when i do it for a much shorter period of 2.5 years I get 5% which seems pretty low. Using the same diff in income at 5% is $3000 a year or $250 a month. Is that correct?